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Which of the following does not need to be taken explicitly into account when using option pricing methods to analyze default risk on a corporate

Which of the following does not need to be taken explicitly into account when using option pricing methods to analyze default risk on a corporate bond?

a. The volatility of the firms assets.

b. The volatility of a firms stock price.

c. The amount of leverage the firm is using.

d. The maturity of the debt.

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